I still remember many years ago in response to becoming aware of the possibility that my computer webcam could be accessed remotely I decided to put a piece of duct tape over the camera.

By David Stockman. Posted On Thursday, February 27th, 2014

Here is another illustration of the Great Deformation unraveling in plain sight. This particular Reuters story is typical of the bubble blindness of the mainstream financial press---of which Reuters is among the worst offenders.

as the hope of QE magic and mysticism turns against the reality of shoppers growing ever-poorer (itself a full part of QE), what’s left is really a cleanup of so much misallocation.

By David Stockman. Posted On Thursday, February 27th, 2014

Bitcoin as a monetary concept is potentially a work of genius, and even if Bitcoin were to fail in its present incarnation – a scenario that I cannot exclude but that I consider exceedingly unlikely – the concept itself is too powerful to be ignored.

“We now have an entitled class of Wall Street financiers and of corporate CEOs who believe the government is there to do… whatever it takes in order to keep the game going

By David Stockman. Posted On Wednesday, February 26th, 2014

Whenever you hear a politician say he or she wants to do something to “protect hard-working Americans,” you know this person is so full of shit that whatever proposal being peddled should be treated with extreme skepticism.

By David Stockman. Posted On Wednesday, February 26th, 2014

On an unadjusted basis, the actual number of homes sold in January 2014 was 34k, which was only 6% more than January 2013.

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.